Heidelberg Cement suffers losses in July-September quarter

Heidelberg Cement Bangladesh Limited suffered losses in the third quarter of 2022.

Earnings per share of the multinational cement manufacturer were Tk 0.64 in negative in the July-September quarter, albeit down from a negative Tk 1.91 in the same quarter of 2021.

EPS was also a negative Tk 4.27 in the January-September of 2022 whereas it was Tk 9.88 in the positive on the identical period of 2021, according to the unaudited financial statements of the company.

Net operating cash flow per share was Tk 2.83 in January-September this year, way lower than Tk 22.57 a year earlier.

Net asset value per share was Tk 59.73 on September 30 and Tk 66.60 on December 31.